Final Carrier Layoffs Coming This Week

Posted: Updated:
(photo courtesy of Carrier Corp.) (photo courtesy of Carrier Corp.)
INDIANAPOLIS -

The final round of previously-announced layoffs at Carrier Corp.'s Indianapolis operations is set to take place this week. More than 200 employees are part of the company's fan coil production operation, which is being relocated to Mexico.

The layoffs were originally supposed to take place in December, however Carrier delayed the move due to rising demand and attrition. The number of employees impacted by the layoffs was also reduced from 290 to 215. The company adds every employee will receive a one-time payment, severance pay and six months of medical insurance continuation. Nearly 340 employees were let go in the first round of layoffs in July.

In a statement released Wednesday, Carrier says its Indy operations will employ approximately 1,100 people once the layoffs are complete.

"Since the initial announcement, approximately 60 impacted employees have chosen to take advantage of the company’s Employee Scholar Program and pursue degree programs," Carrier says. "In addition to reimbursing four-year education costs, Carrier has also reimbursed, and will continue to reimburse, technical training costs for those who prefer to pursue a vocational technical certification program."

The layoffs from the fan coil production operation were not included in the deal announced in November 2016 by then-President-elect Donald Trump. In that deal, Carrier parent United Technologies Corp. (NYSE: UTX) committed to keep more than 1,000 jobs in the city, 800 of which were also slated to move to Mexico. 

The deal also included a $16 million investment by Carrier into the Indy facility. The Indiana Economic Development Corp. in July 2017 approved $7 million in conditional tax credits and training grants related to the investment.

You can read Carrier's full statement on the final round of layoffs below:

This week, approximately 215 employees will leave Carrier, completing the final phase of the previously announced plan to relocate fan coil manufacturing production lines. Following the transition, Carrier’s Indianapolis operations will employ approximately 1,100 people. 

Since the initial announcement, approximately 60 impacted employees have chosen to take advantage of the company’s Employee Scholar Program and pursue degree programs. In addition to reimbursing four-year education costs, Carrier has also reimbursed, and will continue to reimburse, technical training costs for those who prefer to pursue a vocational technical certification program. All impacted employees will also receive a one-time payment, severance pay and six months of medical insurance continuation beyond separation.

United Technologies, parent company to Carrier, announced in June 2017 that over the next three years it expects to hire nearly 25,000 people in the U.S., of which more than 5,000 new positions will be created in support of the company’s innovative new products.

  • Perspectives

    • Wojtowicz founded Indianapolis-based Cambridge Capital Management Corp. in 1983.

      Fixed, Long-Term Interest Rates Protects Against Rate Hikes

      A Hoosier small-business owner recently told his banker that, “Interest rates are as low as they ever will be” in the foreseeable future, and he wanted to get a loan with a “friendly” rate. The Fed made that official recently when it indicated  another quarter-percent rate hike will likely occur in December.  Most pundits expect there to be  three more rate hikes in 2019. Small-business owners are under pressure to act if they are considering...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Wesemann Hall at the Valparaiso University Law School (photo courtesy Tony V. Martin/The Times of Northwest Indiana)

      Valpo School of Law Transfer Denied

      A proposal to transfer Valparaiso University's law school to another university has been shot down. The Tennessee Higher Education Commission has denied the transfer to Middle Tennessee State University, which would have led to the creation of a College of Law at the school. 

    • WOWO Names 'Morning News' Host

      The program and news director of WOWO radio in Fort Wayne has been named host of the station's morning show. Kayla Blakeslee will lead Fort Wayne's Morning News, succeeding longtime host Charly Butcher, who passed away in August. Blakeslee has served has the station's program director for the past two years, and previously served as news director and afternoon anchor. She led the station's "Penny Pitch" campaign in 2017, which earned a Service to America award from...

    • Rolls-Royce in Indy Selected For $100M Contract

      The U.S. Department of Defense has awarded a contract worth up to $100 million to Rolls-Royce Corp. in Indianapolis. The contract is related to Phase I of the Advanced Turbine Technologies for Affordable Mission-Capability program for the U.S. Air Force.

    • High Alpha Spawns Tenth Tech Startup

      The first company has launched from Indianapolis-based High Alpha since the venture studio received a $100 million infusion in July, and the tenth overall. Anvl develops software designed to reduce and prevent maintenance service industry injuries. The company is led by Hoosier tech scene veteran Robin Fleming, who previously served as vice president of technology for Angie's List before its acquisition by New York-based IAC (Nasdaq: IAC). Anvl was born out of a first-of-its-kind...

    • Mega-Merger Involves Fort Wayne Operation

      A defense industry contractor with a significant presence in Fort Wayne has announced a merger agreement. Florida-based Harris Corp. (NYSE: HRS) and L3 Technologies Inc. (NYSE: LLL) in New York say the combination will create the sixth-largest defense company in the country. In early-2015, Harris completed the $4.75 billion acquisition of Exelis, a long-time manufacturer of military radio technology in Fort Wayne. Shortly after the acquisition, Harris consolidated...